sec.43AAWhen compensation is payable by lessor—false or misleading statements etc.

sec.43AA When compensation is payable by lessor—false or misleading statements etc.

The lessor is liable to pay to the lessee reasonable compensation for loss or damage suffered by the lessee because— the lessee entered into the lease, including a renewal or assignment of the lease, on the basis of a false or misleading statement or misrepresentation made by the lessor or any person acting under the lessor’s authority; or the leased shop was not available to the lessee for trading on the date specified in the disclosure statement given under section 21B or 22C because of a default of the lessor or anyone acting under the lessor’s authority. s 43AA ins 2016 No. 21 s 40

• (a) the lessee entered into the lease, including a renewal or assignment of the lease, on the basis of a false or misleading statement or misrepresentation made by the lessor or any person acting under the lessor’s authority; or
• (b) the leased shop was not available to the lessee for trading on the date specified in the disclosure statement given under section 21B or 22C because of a default of the lessor or anyone acting under the lessor’s authority.